Institutional Ownership Stats

Institutional Ownership is one very important way to analyze how a stock will perform in the future. Here's a good article weighing the pros and cons of institutional ownership.

The table below is a summary of the mean, median and true PPS (Price Per Share) the institutions have paid in the current and last quarter. Most institutes hedge their bets both ways to protect the investment. The do so by buying puts and calls for a stock as well, apart from stock ownership.

Quarter Institute Count Mean PPS Median PPS True Value PPS
Current Quarter 671 56.00 58.75 55.16
Previous Quarter 716 58.00 58.75 55.59

Institutional Ownership Counts

The table below is summary data with links to individual listing tables below to indicate if new institutes bought in, sold out, averaged down, averaged up etc. This is a critical piece of data to analyze what the money flow is in quarter and past week.

Time New Institutions Out Averaged Down Averaged Up Added Shares Reduced Shares
Current Quarter 8 138 99 3 42 34
Time New Puts New Calls New Short Deleted Puts Deleted Calls Deleted Short
Current Quarter 0 0 0 2 2 0
Time Increased Puts Increased Calls Increased Short Reduced Puts Reduced Calls Reduced Short
Current Quarter 0 0 0 0 0 1
Time New Institutions Out Averaged Down Averaged Up Added Shares Reduced Shares
Past Week 0 2 21 0 11 8
Time New Puts New Calls New Short Deleted Puts Deleted Calls Deleted Short
Past Week 0 0 0 0 0 0
Time Increased Puts Increased Calls Increased Short Reduced Puts Reduced Calls Reduced Short
Past Week 0 0 0 0 0 1

BlackRock and Vanguard Ownership Stats

BlackRock and Vanguard are the two largest institutional investors in the world. The table below is an indicator of how much of the company stock they own.

BlackRock Vanguard
Quarter Shares % Ownership PPS Shares % Ownership PPS
Current Quarter 20,410,677 0.00 0.00 17,667,518 0.00 0.00
Previous Quarter 10,224,671 0.00 0.00 17,664,128 0.00 0.00

Current Quarter Top 20 Holding Institutes

This is a snapshot of the top 20 institutes by share count holding stock in the company for the current quarter

Name Shares PPS
BlackRock Inc. 10,209,027 58.75
BlackRock Inc. 10,186,006
Fine Capital Partners, L.P. 9,419,622 58.75
Fine Capital Partners, L.P. 9,367,622
Caledonia (Private) Investments Pty Ltd 9,282,787
Caledonia (Private) Investments Pty Ltd 9,240,500 58.75
VANGUARD GROUP INC 9,162,944
Vanguard Group Inc 9,034,210 58.75
COPX - Global X Copper Miners ETF 3,292,097 2.25
State Street Corp 2,942,596 58.75
Morgan Stanley 2,859,515 58.75
IJH - iShares Core S&P Mid-Cap ETF 2,741,218 58.75
Harvard Management Co Inc 2,678,571 58.75
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares 2,644,545 58.75
Park West Asset Management LLC 2,539,622 58.75
Stone House Capital Management, LLC 2,500,000 58.75
Goldman Sachs Group Inc 2,348,803 58.75
Natixis 2,329,800 58.75
Capital Research Global Investors 2,303,862 58.75
NAESX - Vanguard Small-Cap Index Fund Investor Shares 2,298,790 58.75

Previous Quarter Top 20 Holding Institutes

The table below is top 20 listing of institutes holding stock of the company in the previous quarter.

Name Shares PPS
BlackRock Inc. 10,209,027 58.75
Fine Capital Partners, L.P. 9,419,622 58.75
Caledonia (Private) Investments Pty Ltd 9,240,500 58.75
Vanguard Group Inc 9,034,210 58.75
State Street Corp 2,942,596 58.75
Morgan Stanley 2,859,515 58.75
COPX - Global X Copper Miners ETF 2,858,900 2.77
IJH - iShares Core S&P Mid-Cap ETF 2,741,218 58.75
Harvard Management Co Inc 2,678,571 58.75
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares 2,644,545 58.75
Park West Asset Management LLC 2,539,622 58.75
Stone House Capital Management, LLC 2,500,000 58.75
Goldman Sachs Group Inc 2,348,803 58.75
Natixis 2,329,800 58.75
Capital Research Global Investors 2,303,862 58.75
NAESX - Vanguard Small-Cap Index Fund Investor Shares 2,298,790 58.75
IWM - iShares Russell 2000 ETF 2,182,520 58.75
SMCWX - SMALLCAP WORLD FUND INC Class A 2,004,204 58.75
Alliancebernstein L.p. 1,811,411 58.75
Washington University 1,785,714 58.75

 

Recent Quarter Analysis

Name Shares PPS
VANGUARD GROUP INC 9,162,944
SIDVX - Hartford Schroders International Multi-Cap Value Fund Class A 186,468 2.24
FSMVX - Fidelity Mid Cap Value Fund 113,600 56.06
RYLD - Global X Russell 2000 Covered Call ETF 27,229 56.04
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF 8,897 2.25
Dimensional ETF Trust - Dimensional International Small Cap ETF 7,117 2.25
FCMVX - Fidelity Mid Cap Value K6 Fund 2,400 56.25
Allworth Financial LP 254 47.24
Name Shares PPS
Nantahala Capital Management, LLC 1,144,613 58.75
DISVX - Dfa International Small Cap Value Portfolio - Institutional Class 746,325 3.07
PEJ - Invesco Dynamic Leisure and Entertainment ETF 523,836 80.05
Bank Of America Corp /de/ 515,426 58.75
PDP - Invesco DWA Momentum ETF 400,302 80.05
Group One Trading, L.p. 338,600 58.75
Jpmorgan Chase & Co 250,315 58.75
IJJ - iShares S&P Mid-Cap 400 Value ETF 246,398 83.07
Bluefin Capital Management, Llc 207,700 0.50
XMMO - Invesco S&P MidCap Momentum ETF 173,836 57.70
PEZ - Invesco DWA Consumer Cyclicals Momentum ETF 59,717 80.04
FCPEX - Fidelity Small Cap Enhanced Index Fund 51,240 63.91
MDYV - SPDR(R) S & P 400 Mid Cap Value ETF 46,074 83.06
Advanced Series Trust - Ast Prudential Growth Allocation Portfolio 42,600 83.08
Simplex Trading, Llc 40,600 58.74
FMEIX - Fidelity Mid Cap Enhanced Index Fund 28,805 63.91
Twin Tree Management, LP 20,624 58.77
IUSV - iShares Core S&P U.S. Value ETF 20,138 83.08
NEFJX - Vaughan Nelson Small Cap Value Fund Class A 19,545 83.09
NPSGX - NICHOLAS PARTNERS SMALL CAP GROWTH FUND Institutional Shares 14,866 83.08
MSGIX - BMO Small-Cap Growth Fund Class I 13,531 63.93
PTMC - Pacer Trendpilot US Mid Cap ETF 10,191 80.07
ASQIX - Small Company Fund Investor Class 10,090 83.05
Advanced Series Trust - Ast Small-cap Value Portfolio 7,800 83.08
SPWIX - Simt Small Cap Growth Fund Class I 5,076 83.14
Twelve Points Wealth Management LLC 3,850 58.70
Blackstone Alternative Investment Funds - Blackstone Alternative Multi-Strategy Fund Class I 3,500 83.14
World Asset Management Inc 3,161 83.20
PIBAX - PGIM BALANCED FUND Class A 2,800 83.21
First Mercantile Trust Co 2,600 83.08
PCSGX - PACE Small/Medium Co Growth Equity Investments Class P 1,812 80.02
MARNX - Convergence Long/Short Equity Fund - Institutional Class 1,805 63.71
Profunds - Profund Vp Mid-cap Value 583 82.33
FNY Investment Advisers, LLC 400 57.50
IFP Advisors, Inc 341 67.45
CPAEX - Counterpoint Tactical Equity Fund Class A Shares 254 82.68
MLPIX - Mid-cap Value Profund Investor Class 252 79.37
Gemmer Asset Management LLC 130 53.85
HDIV - QRAFT AI-Enhanced U.S. High Dividend ETF 88 79.55
Umb Bank N A/mo 4
State of Wyoming
RPg Family Wealth Advisory, LLC
Phocas Financial Corp.
D. E. Shaw & Co., Inc.
Acadian Asset Management Llc
Burney Co/
Counterpoint Mutual Funds LLC
Morningstar Funds Trust - Morningstar Alternatives Fund
Global Endowment Management, LP
Css Llc/il
Hudson Bay Capital Management LP
Enterprise Financial Services Corp
Public Sector Pension Investment Board
Syntal Capital Partners, LLC
Claraphi Advisory Network, LLC
AE Wealth Management LLC
Macroview Investment Management Llc
Two Sigma Securities, Llc
Convergence Investment Partners, LLC
Vaughan Nelson Investment Management, L.p.
Lake Point Wealth Management
Sciencast Management LP
Atwater Malick LLC
Walleye Capital LLC
Water Island Capital Llc
Advisory Services Network, LLC
Wolverine Trading, Llc
Point72 Hong Kong Ltd
JNL SERIES TRUST - JNL/Westchester Capital Event Driven Fund (A)
Toronto Dominion Bank
XTX Topco Ltd
MERVX - The Merger Fund VL
Keebeck Alpha, LP
Cypress Point Wealth Management, LLC
Occudo Quantitative Strategies Lp
Lord, Abbett & Co. Llc
Maverick Capital Ltd
Vident Investment Advisory, LLC
Standard Family Office LLC
Nomura Holdings Inc
GAKIX - AXS Merger Fund Class I
Castleview Partners, Llc
Boulder Hill Capital Management Lp
Wellington Management Group Llp
Wolverine Trading, Llc
LPL Financial LLC
Better Money Decisions, LLC
CastleArk Alternatives, LLC
Gilder Gagnon Howe & Co Llc
BDO Wealth Advisors, LLC
Tudor Investment Corp Et Al
Natixis Advisors, L.p.
Seven Eight Capital, Lp
Proequities, Inc.
MERFX - The Merger Fund - Investor Class Shares
Schonfeld Strategic Advisors LLC
QASCX - Federated MDT Small Cap Core Fund Class A Shares
Norges Bank
Afton Capital Management Llc
FORA Capital, LLC
Nicholas Investment Partners, LP
Marshall Wace, Llp
Dark Forest Capital Management Lp
Lazard Asset Management Llc
Raymond James & Associates
West Family Investments, Inc.
FVCIX - Fidelity Flex Large Cap Value II Fund
EAM Investors, LLC
Weiss Multi-Strategy Advisers LLC
Wolverine Trading, Llc
Harvest Management Llc
Alpha DNA Investment Management LLC
Eaton Vance Management
Sei Investments Co
Balyasny Asset Management Llc
Penn Capital Management Co Inc
Harvest Management Llc
Perennial Investment Advisors, LLC
Cerity Partners LLC
Ergoteles LLC
Old Mission Capital Llc
Cornerstone Advisory, LLC
Stifel Financial Corp
Bell Investment Advisors, Inc
Walleye Capital LLC
USMF - WisdomTree U.S. Multifactor Fund N/A
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
Voloridge Investment Management, Llc
Mutual Advisors, LLC
Jefferies Group LLC
WCERX - WCM Alternatives: Event-Driven Fund - Investor Class Shares
Cigna Investments Inc /new
SDSCX - BNY Mellon Small/Mid Cap Growth Fund Class I
SENT - AdvisorShares Alpha DNA Equity Sentiment ETF
Paloma Partners Management Co
ARCFX - WATER ISLAND CREDIT OPPORTUNITIES FUND Class R
NABAX - Neuberger Berman Absolute Return Multi-Manager Fund Class A 80.00
QRPNX - AQR Alternative Risk Premia Fund Class N 83.33
Name Current Shares Current PPS Previous Shares Previous PPS
Caledonia (Private) Investments Pty Ltd 9,282,787 9,240,500 58.75
COPX - Global X Copper Miners ETF 3,292,097 2.25 2,858,900 2.77
DFIEX - International Core Equity Portfolio - Institutional Class 1,301,531 2.23 1,301,531 2.77
DFA INVESTMENT TRUST CO - The Canadian Small Company Series 984,419 2.23 984,419 2.77
FSSNX - Fidelity Small Cap Index Fund 723,672 56.06 700,730 57.70
ABASX - AB Discovery Value Fund Class A 398,130 52.80 425,400 62.92
SCHA - Schwab U.S. Small-Cap ETF 384,295 52.80 396,025 62.92
DFSTX - U.s. Small Cap Portfolio - Institutional Class 284,894 56.06 284,894 57.70
SWSSX - Schwab Small-Cap Index Fund 216,577 56.06 211,648 57.70
DFA INVESTMENT DIMENSIONS GROUP INC - International Vector Equity Portfolio Shares 164,383 2.23 164,383 2.77
TISBX - TIAA-CREF Small-Cap Blend Index Fund Institutional Class 137,596 56.06 143,146 57.70
FNDA - Schwab Fundamental U.S. Small Company Index ETF 136,797 52.80 88,014 62.92
DFEOX - U.s. Core Equity 1 Portfolio - Institutional Class 132,363 56.06 132,363 57.70
VEXPX - VANGUARD EXPLORER FUND Investor Shares 128,761 56.06 218,298 57.70
NTIAX - Columbia Mid Cap Index Fund Class A 124,241 52.80 123,791 62.92
DFQTX - U.s. Core Equity 2 Portfolio - Institutional Class 120,879 56.06 120,879 57.70
SCAVX - AB Small Cap Value Portfolio Class A 98,530 52.80 85,880 62.93
DFAX - Dimensional World ex U.S. Core Equity 2 ETF 97,704 2.24 97,704 2.76
PESPX - BNY Mellon Midcap Index Fund, Inc. Investor Shares 90,543 56.06 91,563 57.70
SUNAMERICA SERIES TRUST - SA AB Small & Mid Cap Value Portfolio Class 2 75,420 56.06 80,310 57.70
Name Current Shares Current PPS Previous Shares Previous PPS
MGPIX - Mid-cap Growth Profund Investor Class 317 56.78 284 56.34
SLPIX - Small-cap Profund Investor Class 68 58.82 139 57.55
Global Retirement Partners, LLC 12 83.33 13 76.92
Name Shares Added Current Shares Current PPS Previous Shares Previous PPS Percent Increase
COPX - Global X Copper Miners ETF 433,197 3,292,097 2.25 2,858,900 2.77 15.15
FNDA - Schwab Fundamental U.S. Small Company Index ETF 48,783 136,797 52.80 88,014 62.92 55.43
Caledonia (Private) Investments Pty Ltd 42,287 9,282,787 9,240,500 58.75 0.46
FSSNX - Fidelity Small Cap Index Fund 22,942 723,672 56.06 700,730 57.70 3.27
SCAVX - AB Small Cap Value Portfolio Class A 12,650 98,530 52.80 85,880 62.93 14.73
SFSNX - Schwab Fundamental US Small Company Index Fund Institutional Shares 8,551 40,950 56.07 32,399 57.69 26.39
PRF - Invesco FTSE RAFI US 1000 ETF 7,285 20,417 56.08 13,132 57.72 55.48
JHMM - John Hancock Multifactor Mid Cap ETF 5,653 18,768 56.05 13,115 57.72 43.10
SWSSX - Schwab Small-Cap Index Fund 4,929 216,577 56.06 211,648 57.70 2.33
BBMC - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 4,028 47,582 56.05 43,554 57.70 9.25
JHSC - John Hancock Multifactor Small Cap ETF 3,964 19,758 56.08 15,794 57.68 25.10
AFDVX - Applied Finance Explorer Fund Investor Class 3,672 31,285 56.07 27,613 57.69 13.30
VT - Vanguard Total World Stock Index Fund ETF Shares 3,390 45,184 56.06 41,794 57.71 8.11
TIEIX - TIAA-CREF Equity Index Fund Institutional Class 3,114 74,392 56.05 71,278 57.70 4.37
FMDCX - Federated Mid-Cap Index Fund Service Shares 2,380 20,285 56.05 17,905 57.69 13.29
PMSSX - MidCap S&P 400 Index Fund R-1 1,856 55,818 56.06 53,962 57.71 3.44
FNX - First Trust Mid Cap Core AlphaDEX Fund 1,240 13,024 56.05 11,784 57.71 10.52
FZILX - Fidelity ZERO International Index Fund 1,149 28,277 56.05 27,128 57.69 4.24
FLXSX - Fidelity Flex Small Cap Index Fund 1,121 9,359 56.10 8,238 57.66 13.61
SUNAMERICA SERIES TRUST - SA Small Cap Index Portfolio Class 1 942 10,605 56.11 9,663 57.75 9.75
Name Reduced Shares Current Shares Current PPS Previous Shares Previous PPS Percent Decrease
VEXPX - VANGUARD EXPLORER FUND Investor Shares 89,537 128,761 56.06 218,298 57.70 -41.02
Allspring Global Investments Holdings, LLC 27,758 3,366 46.94 31,124 58.73 -89.19
ABASX - AB Discovery Value Fund Class A 27,270 398,130 52.80 425,400 62.92 -6.41
Exchange Traded Concepts, Llc 23,261 57,368 46.99 80,629 58.75 -28.85
SCHA - Schwab U.S. Small-Cap ETF 11,730 384,295 52.80 396,025 62.92 -2.96
RFG - Invesco S&P MidCap 400 Pure Growth ETF 5,710 37,453 56.07 43,163 57.71 -13.23
TISBX - TIAA-CREF Small-Cap Blend Index Fund Institutional Class 5,550 137,596 56.06 143,146 57.70 -3.88
REBYX - U.S. Small Cap Equity Fund Class Y 4,951 18,899 56.03 23,850 57.69 -20.76
SUNAMERICA SERIES TRUST - SA AB Small & Mid Cap Value Portfolio Class 2 4,890 75,420 56.06 80,310 57.70 -6.09
New Mexico Educational Retirement Board 4,800 15,065 47.00 19,865 58.75 -24.16
BUL - Pacer US Cash Cows Growth ETF 3,373 942 56.26 4,315 57.71 -78.17
Oregon Public Employees Retirement Fund 2,977 27,913 47.00 30,890 58.76 -9.64
FDIS - Fidelity MSCI Consumer Discretionary Index ETF 2,439 23,171 56.06 25,610 57.71 -9.52
FNY - First Trust Mid Cap Growth AlphaDEX Fund 2,177 15,881 56.04 18,058 57.70 -12.06
PESPX - BNY Mellon Midcap Index Fund, Inc. Investor Shares 1,020 90,543 56.06 91,563 57.70 -1.11
PAMC - Pacer Lunt MidCap Multi-Factor Alternator ETF 930 3,760 56.12 4,690 79.96 -19.83
RWK - Invesco S&P MidCap 400 Revenue ETF 910 10,269 52.78 11,179 62.89 -8.14
BKSE - BNY Mellon US Small Cap Core Equity ETF 824 2,068 56.09 2,892 57.75 -28.49
GMXAX - Nationwide Mid Cap Market Index Fund Class A 705 32,133 56.05 32,838 57.71 -2.15
PNASX - SmallCap Growth Fund I R-1 668 14,724 56.03 15,392 57.69 -4.34
Name Current Puts
Name Current Calls
Name
Name Previous Puts
Tudor Investment Corp Et Al 0
Harvest Management Llc 0
Name Previous Calls
Css Llc/il 0
Water Island Capital Llc 0
Name

 

Name Increased Puts Current Puts Previous Puts Percentage Increase
Name Increased Calls Current Calls Previous Calls Percentage Increase
Name
Name Reduced Puts Current Puts Previous Puts Percent Decrease
Name Reduced Calls Current Calls Previous Calls Percentage Decrease
Name
FAAAX - Franklin K2 Alternative Strategies Fund Class A

Past Week Analysis

Name Shares PPS
Name Shares PPS
Gemmer Asset Management LLC 130 53.85
Umb Bank N A/mo 4
Name Current Shares Current PPS Previous Shares Previous PPS
ABASX - AB Discovery Value Fund Class A 398,130 52.80 425,400 62.92
SCHA - Schwab U.S. Small-Cap ETF 384,295 52.80 396,025 62.92
FNDA - Schwab Fundamental U.S. Small Company Index ETF 136,797 52.80 88,014 62.92
NTIAX - Columbia Mid Cap Index Fund Class A 124,241 52.80 123,791 62.92
SCAVX - AB Small Cap Value Portfolio Class A 98,530 52.80 85,880 62.93
Exchange Traded Concepts, Llc 57,368 46.99 80,629 58.75
SCHB - Schwab U.S. Broad Market ETF 48,501 52.80 48,271 62.92
Oregon Public Employees Retirement Fund 27,913 47.00 30,890 58.76
Louisiana State Employees Retirement System 25,100 47.49 25,300 61.86
New Mexico Educational Retirement Board 15,065 47.00 19,865 58.75
Strs Ohio 14,000 46.93 13,200 58.71
RWK - Invesco S&P MidCap 400 Revenue ETF 10,269 52.78 11,179 62.89
VYMYX - Voya Mid Cap Research Enhanced Index Fund Class W 10,011 52.84 9,317 62.90
SCHK - Schwab 1000 Index ETF 5,365 52.75 5,128 62.99
SPMIX - S&P MidCap Index Fund Direct Shares 5,107 52.87 5,107 62.85
Allspring Global Investments Holdings, LLC 3,366 46.94 31,124 58.73
OMFS - Invesco Russell 2000(R) Dynamic Multifactor ETF 1,502 52.60 1,498 64.09
PBSM - Invesco PureBeta MSCI USA Small Cap ETF 777 52.77 681 63.14
FNDB - Schwab Fundamental U.S. Broad Market Index ETF 725 52.41 575 62.61
IUSS - Invesco RAFI(TM) Strategic US Small Company ETF 394 53.30 328 64.02
DSHFX - Destinations Shelter Fund Class I 198 50.51 198 60.61
Name Current Shares Current PPS Previous Shares Previous PPS
Name Shares Added Current Shares Current PPS Previous Shares Previous PPS Percent Increase
FNDA - Schwab Fundamental U.S. Small Company Index ETF 48,783 136,797 52.80 88,014 62.92 55.43
SCAVX - AB Small Cap Value Portfolio Class A 12,650 98,530 52.80 85,880 62.93 14.73
Strs Ohio 800 14,000 46.93 13,200 58.71 6.06
VYMYX - Voya Mid Cap Research Enhanced Index Fund Class W 694 10,011 52.84 9,317 62.90 7.45
NTIAX - Columbia Mid Cap Index Fund Class A 450 124,241 52.80 123,791 62.92 0.36
SCHK - Schwab 1000 Index ETF 237 5,365 52.75 5,128 62.99 4.62
SCHB - Schwab U.S. Broad Market ETF 230 48,501 52.80 48,271 62.92 0.48
FNDB - Schwab Fundamental U.S. Broad Market Index ETF 150 725 52.41 575 62.61 26.09
PBSM - Invesco PureBeta MSCI USA Small Cap ETF 96 777 52.77 681 63.14 14.10
IUSS - Invesco RAFI(TM) Strategic US Small Company ETF 66 394 53.30 328 64.02 20.12
OMFS - Invesco Russell 2000(R) Dynamic Multifactor ETF 4 1,502 52.60 1,498 64.09 0.27
Name Reduced Shares Current Shares Current PPS Previous Shares Previous PPS Percent Decrease
Allspring Global Investments Holdings, LLC 27,758 3,366 46.94 31,124 58.73 -89.19
ABASX - AB Discovery Value Fund Class A 27,270 398,130 52.80 425,400 62.92 -6.41
Exchange Traded Concepts, Llc 23,261 57,368 46.99 80,629 58.75 -28.85
SCHA - Schwab U.S. Small-Cap ETF 11,730 384,295 52.80 396,025 62.92 -2.96
New Mexico Educational Retirement Board 4,800 15,065 47.00 19,865 58.75 -24.16
Oregon Public Employees Retirement Fund 2,977 27,913 47.00 30,890 58.76 -9.64
RWK - Invesco S&P MidCap 400 Revenue ETF 910 10,269 52.78 11,179 62.89 -8.14
Louisiana State Employees Retirement System 200 25,100 47.49 25,300 61.86 -0.79
Name Current Puts
Name Current Calls
Name
Name Previous Puts
Name Previous Calls
Name
Name Increased Puts Current Puts Previous Puts Percentage Increase
Name Increased Calls Current Calls Previous Calls Percentage Increase
Name
Name Reduced Puts Current Puts Previous Puts Percent Decrease
Name Reduced Calls Current Calls Previous Calls Percent Decrease
Name
FAAAX - Franklin K2 Alternative Strategies Fund Class A